Premium track · Trading as a Business

Trading as a Business

You can read a chart and size a trade. Now you'll run the money around it like a small business: the books, the tax, your capital and your pay, and what to do in a bad month and a good one.

5 stages · 55 lessons · interactive
Stage 111 lessons

The Books

You'll read your month the way a business does. You'll see what came in, what it cost, and what you actually kept.

  1. Gross Is Not What You Keep
  2. The Trading Costs Line
  3. The Bills That Come Anyway
  4. The Break-Even Month
  5. The Cost Ratio
  6. A Deposit Is Not a Profit
  7. Your Hourly Wage
  8. Against Doing Nothing
  9. The Statement by Line
  10. Most Accounts Lose After Costs
  11. Close the Month
Stage 211 lessons

Tax, Records and Rules

You'll learn when a closed trade becomes a tax question and keep records a stranger could follow. You'll also know the rules every trader works under.

  1. Paper Profit, Real Profit
  2. Which Shares Did You Sell?
  3. Losses Are Worth Something
  4. The Sell-and-Rebuy Rule
  5. Not Everything Is Taxed the Same
  6. The Tax Pot
  7. Investor, Trader or Business
  8. Your Own Name or a Company
  9. Records a Stranger Can Follow
  10. The Rules of Conduct
  11. Close the Year
Stage 311 lessons

Capital and Pay

You'll work out what return your bills would need and keep your living costs outside the account. Then you'll see what taking pay costs it.

  1. The Return You'd Need
  2. What the Account Can Really Pay
  3. Risk Capital
  4. Runway
  5. Paying Yourself
  6. Withdraw or Compound
  7. Drawing in a Drawdown
  8. The Job Is Part of the Business
  9. Adding Capital
  10. Money With a Payment Due
  11. The Capital Plan
Stage 411 lessons

The Bad Months

You'll count how many losing months are normal and judge a month by the rules you kept. You'll also write down where you'd stop.

  1. A Red Month Is Normal
  2. The Monthly Record
  3. Time Under Water
  4. Market, Rules or Me
  5. What the Broken Rules Cost
  6. What Flexes and What Doesn't
  7. The Way Back Up
  8. The Bad Quarter
  9. The Line Where You Stop
  10. The Month-End Review
  11. Hold the Quarter
Stage 511 lessons

The Good Months

You'll treat a great month as one month and raise your size one step at a time. Then you'll test the full-time question on your own books.

  1. One Month Isn't a Raise
  2. One Month Made the Year
  3. The Size-Up Rule
  4. The Bigger Clip Feels Different
  5. Money Targets Backfire
  6. The Pay Rise
  7. The Windfall
  8. The Year After the Great Year
  9. The Full-Time Test
  10. The First Year Without a Salary
  11. The Decision

Every TradeWize account starts with the free Foundations curriculum — 20 investing stages, no card required. The Trading as a Business track is part of Premium, alongside the other advanced trading tracks, real-time market data, and unlimited hearts.

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